Sensex extends losses for second day, tumbles over 400 points

The NSE 50-share Nifty also tumbled by 123.85 points or 2.02 per cent to finish below 6K-level at 5,999.05.

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PTI

Mumbai

November 21, 2013

UPDATED: November 21, 2013 17:39 IST

BSE Sensex

BSE Sensex

The S&P BSE benchmark sensex fell for the second consecutive day, showing a biggest fall in more than 2-1/2 month plunging by 406 points due to all-round selling from opreators as global stocks fell on fears that the US Federal Reserve may reduce stimulus in coming months.

The Sensex resumed lower at 20,579.26 and fell further to 20,189.23 before ending at 20,229.05 showing a loss of 406.08 points or 1.97 per cent. Previously, the Sensex had dropped by 651.47 or 3.45 per cent on September 3, 2013.

IT has fell by 661.77 points or 3.17 per cent in two days.

The NSE 50-share Nifty also tumbled by 123.85 points or 2.02 per cent to finish below 6K-level at 5,999.05.

Asian stocks ended lower as Federal Reserve may reduce stimulus in coming months as well as a preliminary gauge showed that China'a manufacturing activity decelerated this month. Key benchmark indices in Taiwan, Hong Kong, China and Singapore and South Korea fell by 0.04 per cent to 1.28 per cent while Japan's Nikkei 225 index rose 1.92 per cent.